Financial Stability Oversight Council identifies climate change as an emerging and increasing threat to financial stability of the United States. - USA Breaking News - eTurboNews | Trends | Travel News
<p><span>Following the financial crisis, the Dodd-Frank Wall Street Reform and Consumer Protection Act established the Financial Stability Oversight Council (FSOC or Council) to identify and respond to emerging threats to U.S. financial stability. Today, the FSOC has issued its </span><span>Report on Climate-Related Financial Risk. </span></p>
<p><span>The Financial Stability Oversight Council (FSOC) has released a new report in response to President Biden’s Executive Order 14030, Climate-related Financial Risk. For the first time, FSOC has identified climate change as an emerging and increasing threat to U.S. financial stability. </span></p>
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